Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $22.43

Shares of Viant Technology Inc. (NASDAQ:DSP) have received an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $22.43.

Several brokerages recently commented on DSP. JMP Securities increased their price objective on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Raymond James decreased their price objective on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a research report on Tuesday, March 4th. Scotiabank initiated coverage on shares of Viant Technology in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Finally, Canaccord Genuity Group raised their price target on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the transaction, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at $7,961,140.80. The trade was a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 28.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in Viant Technology in the 4th quarter valued at $27,000. Summit Investment Advisors Inc. grew its stake in Viant Technology by 83.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after acquiring an additional 728 shares during the period. FMR LLC grew its stake in Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares during the period. Quantbot Technologies LP acquired a new stake in Viant Technology in the 4th quarter valued at $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Viant Technology in the 4th quarter valued at $88,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Stock Down 0.7 %

Shares of Viant Technology stock opened at $12.21 on Tuesday. The firm has a market capitalization of $770.13 million, a P/E ratio of 203.53 and a beta of 1.02. The company has a 50 day moving average price of $19.19 and a 200 day moving average price of $16.34. Viant Technology has a 52 week low of $7.77 and a 52 week high of $26.33.

About Viant Technology

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.